Disparate Price Movements Provoke Confusion Francis Picabia Artist 1879-1953 Picabia, known as Papa Dada, purposely layered disparate images in his collages to provoke confusion and strange associations. I feature the piece above now on display at MOMA, mainly because of …
The primary market indexes, DIA, SPY, QQQ, and IWM all closed higher on Friday, but the Economic Modern Family is hinting that the market may need a rest very soon. When you review the descriptions of the condition of the …
When To Expect The Profit Taking Down Day It’s been an impressive week to say the least, and the question on so many traders’ minds is likely to be, “Should I take profits before the weekend?” If this question is …
IYT Celebrates A Big Day and Incites Panic Buying. The big news today is that the Transportation Index and its ETF (IYT) finally broke their highs set in November of 2014. This means the latest leg up in the DIA’s …
The Changing of The Guard Continues In Full Force After the market has a big move like the one the election just created, the next step is for it to be tested with a correction or pause. This test begins …
Tectonic Forces Create Shifts in the Market-scape 30 million years ago, many islands surrounded by channels were subterranean. Then, tectonic forces rotated those islands so they eventually uplifted from the sea. Above, we see a similar story. What existed underwater …
The Race to Not Buy at the Highs Nor Sell at the Lows The Bull, by a wide margin, is the front runner in the last leg of the relay race. However, there are no fresh runners for him to …
Market’s Eyes That Cannot See Artist: James Palmer Mulligan As per the last several Daily’s, I’ve noted the parameters of several monthly channel lines of resistance that had to clear or fail to elucidate next direction. The TLT (20+ Year …
A Market With Purple Gratitude In Advance of Rain We drove up to this dead-end and these road signs. I thought of the Scarecrow in the Wizard of Oz. While nailed to a post, he instructed Dorothy that some people …
Gather Ye Rosebuds Before the Market Flies Multiply Trying to keep flies from eating your roses can be a bit frustrating. However, unless an infestation occurs, the situation is more annoying than seriously concerning. The day back after the holiday …